Journalize the following transactions of Upton Drugs:
Transactions:
July 8 Received a $180,000, 90-day, 8% note dated July 8 from Miracle Chemical on account.
Oct. 6 The note is dishonored by Miracle Chemical.
Nov. 5 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Miracle Chemical on Oct. 6.
Required:
Journalize the above transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year when calculating interest.

Answers

Answer 1

Journalizing the transactions of Upton Drugs for the period is as follows:

Journal Entries:

July 8 Debit Note Receivable $180,000

Credit Accounts Receivable $180,000

To record the receipt of the 90-day 8% note from Miracle Chemical.

Oct. 6 Debit Accounts Receivable (Miracle Chemical) $182,250

Credit Note Receivable $180,000

Credit Interest Revenue $2,250

To record the dishonor of the note at the due date and the accrued interest.

Nov. 5 Debit Cash $183,768.75

Credit Interest Revenue $1,518.75

Credit Accounts Receivable (Miracle Chemical) $182,250

To record the receipt on the note with due interest.

What are Journal Entries?

Journal Entries are made to record business transactions.

Journal Entries identify the accounts involved in each transaction and differentiates the account to be debited from the account to be credited.

Transaction Analysis:

July 8 Note Receivable $180,000 Accounts Receivable $180,000

90-day, 8%.

Oct. 6 Accounts Receivable (Miracle Chemical) $182,250 Note Receivable $180,000 Interest Revenue $2,250

Nov. 5 Cash $183,768.75 Interest Revenue $1,518.75 Accounts Receivable (Miracle Chemical) $182,250

Interest Revenue:

Oct. 6: Interest Revenue = $2,250 ($180,000 x 8% x 90/360)

Nov. 5: Interest Revenue = $1,518.75 ($182,250 x 10% x 30/360)

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Related Questions

From the challenges of international purchasing and recommend contemporary solutions for purchasing managers.

Answers

Global sourcing has been time and immemorial treated as a one-way road by many Scholars. But originally multinational manufacturers always purchase products of low-cost range from developed countries. Thus, making it difficult for the purchasing managers to work.

What is Global Sourcing?

Global sourcing is a long-time thing that has been a continuous process whereby people are sourcing a variety of workers for goods and services across geographical and political boundaries.

Global sourcing often tries to get cheap labor out of the market at a minimal cost. They are also imbibed together to find labor at a very cheap or low cost. The part of Global sourcing also means getting the raw materials required for production at a low rate.

Extreme international competition from other manufacturers also needs to be dealt with. A lot of tax-related issues inclusive of the tariffs also need to be taken into account. Hence, my narration is correct.

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Demonstrate temperature checks on refrigeration equipment?

Answers

it's best to use food or liquid that has been in the compartment for at least 24 hours.

Use a refrigerator thermometer to monitor the temperature.

Chilling foods to proper temperatures is one of the best ways to slow the growth of these bacteria.

1. Given a t-distribution, if you select a sample of n = 10, (a) What is ... 1. Given a t-distribution, if you select a sample of n = 10, (a) What is the probability that t is above 2.2622? Answer (b) There is a 90% chance that t is less than what value?

Answers

Given a t-distribution, if you select a sample of n = 10, the t-distribution is used instead of the normal distribution when you have small samples.

The t-distribution is a family of distributions which thus look almost identical to the normal distribution curve, just only a bit shorter and fatter. So, the larger the sample size, the more the t distribution looks like the normal distribution.

The t-distribution can also be used in hypothesis testing when a person  wants to figure out that whether they should accept or reject the null hypothesis. So here, the probability that t is above 2.2622 is more.

Hence, t-distribution is used as an alternative to the normal distribution.

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Discuss the benefits and disadvantages to Marathon Auto Engineering PLC, of investing in ‘electric
engines’ technology.

Answers

The benefits and disadvantages of Marathon Auto Engineering Pls of Investing in Electric Engine Technology are:

They will gain the attention and buy-in of stakeholders rooting for a cleaner environment and reduced use of fossil fuel.Because there is increased demand for electric cars, they will be well-positioned for the future of the automobile market.

What are the demerits they should be aware of?


Various disadvantages have been identified as reasons why people don't want to own an Electric car. Some of them are:

The range of an electric automobile is determined by its battery.Points for Recharging.Battery repairs or replacement might be costly.EVs generate pollutants and e-waste.There aren't many electric automobiles to select from.Government funds are being reduced.The driving experience is being lost.

These factors make it risky and therefore disadvantageous to invest in electric cars.

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Which option is NOT an example of a financial emergency?
car repair

buying a gift for your best friend’s birthday

losing your job

medical bill from the emergency room

Answers

Answer: buying a gift for your best friend's birthday

Explanation: emergency is any expense or loss of income you do not plan for, like a missed paycheck, a damaged roof, a flat tire, or medical bill. Financial emergencies may include car damage, unemployment, medical treatment, property damage, or family emergencies

car repair: a financial emergency because you did not plan on your car needing repairs; you need your car to get places.buying a gift for your best friend’s birthday: not emergency because you can plan for that in the bouget.losing your job: a financial emergency because you did not plan on losing you job that you need to make money.medical bill from the emergency room: a financial emergency because you did not plan on going to the emergency room.

Answer:

buying a gift for your best friend’s birthday

Explanation:

A___ offers support or guidance to a less experienced person.
O mentor
O mentee
O friend
O supervisor

Answers

Answer: Mentor

Explanation:

A mentee is the person being supported and guided.

A friend could support ad guide, but they are not always more experienced.

A supervisor could support and guide, but their job is to supervise.

The answer should be mentor.

Think of a process you perform every day. Describe the process in detail by listing the steps needed to complete it.

Answers

The process which is to be perform everyday for efficient processes are Change Implementation and Communication, Acquire Resources,  evaluate the process and Analyze the results.

What is a business process and what are the importance of business process ?

A business process is a set of actions taken by a number of stakeholders to accomplish a specific objective. A task is allocated to a participant at each stage of a business process. It serves as the essential building block for a number of related concepts, including process automation and business process management.

Despite the abundance of information that has been published and spoken about business process management, it is crucial to comprehend why it is so crucial to your company.

In large firms, the benefits and necessity of a business process are extremely obvious. Any organization relies on its processes to streamline individual tasks and ensure that resources are used to their full potential.

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On June 1, 2019 Adelphi Corporation issued $400,000 of 6%, 5-year bonds. The bonds which were issued at 98, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. Enter as a whole number (no cents).

Answers

The amount of bond discount which is amortized with each of the  interest payment is $400.

Given,

The Adelphi Corporation issued $400,000 of 6%, 5-year bonds.

Step 1:

The bond discount = the face value × (1 - Issue rate)

Bond discount = $400,000 × (1 - 98%)

Bond discount = $4,000

Step 2:

The Discount amortization per period = Bond discount / Total semiannual periods

Discount amortization per period = $4,000 / (5 × 2)

Discount amortization per period = $400

Hence, the amount of the bond discount which is thus amortized with each of the interest payment is $400.

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Describe how you will use the Internet.

Answers

The Internet can be used for a variety of things, including information research, global communication, online shopping, video watching, and much more.

The Internet, also known as "the Net," is a global system of computer networks that allows users at any one computer to obtain information from any other computer with permission and, on occasion, communicate directly with users at other computers. The sharing of information and communication is streamlined when the internet is used for education. It enables them to refer to pertinent study materials in various multimedia formats and access lectures online. Allowing teachers to incorporate a variety of tools into their curriculum also helps.

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what is the role for investor protection in developing international financial markets and real economies​

Answers

The phrase "investor protection" refers to a broad range of policies intended to shield investors from the wrongdoings of businesses, merchant bankers, depository participants, and other middlemen.

What function do investors serve in the economy?

Without investment, businesses would not have the prospects for unending growth that investors provide. They support the banking institutions and aid in facilitating the distribution of monies to individuals in need. Investors support fiscally and monetarily prudent policies and criticize those that are not.

Why is investor protection important?

Investor protections are important for businesses' capacity to raise the money they require to expand, innovate, diversify, and compete. Equity markets cannot thrive without investor safeguards, and banks end up being the primary source of funding. Capital markets that are active tend to effectively protect investors in economies.

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in Italy An overview of economic factors that could influence pricing strategies. A synopsis of costs that would influence the price of the good or service being proposed for global business operations. Recommend a pricing strategy (including specific prices) for the proposed enterprise. Provide evidence to support your proposal.

Answers

Some elements influencing foreign consumer behavior in international marketplaces include but are not limited to:

target market economics and political ideology;education and technical abilities;values and attitudessocial and cultural factors;languagereligion and beliefs; andlegal and competitive issues.

The costs that could influence the price of the good or service being proposed for global business operations are?

Some of the major costs that drive the price of goods these days at the international level are:

Cost of technologycost of informationCost of raw materialscost of regional labor etc.

Taking cost of labor, for instance, China became the headquarters of production and large-scale manufacturing because thee readily provided cheap labor and had access to raw materials at a reasonable cost due to their global influence.

Thus, a principal strategy that would support a global enterprise must take into consideration sources of:

Cheap labor andCheap raw materials.

Any global business that is able to achieve control over these two factors will dominate in terms of price.

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4. What are some of the consumer protections available? What can individuals do to
protect themselves? |

Answers

Answer:

1.Present their complaints through mass media.

2.Inspecting goods to ensure they meet their required standards.

3.Enlighten themselves about their rights and trade obligations.

4.Shunning exploitative traders.

5.Joining consumer groups to fight exploitation in one voice.

10 of 50
One of the differences between the Fair Housing Act and the Pennsylvania Human
Resource Act is
commercial property is included in the Pennsylvania Human Resource Act.
the Fair Housing act covers non real estate salespersons.
persons over 65 are included in the Pennsylvania Human Resource Act.
the Fair Housing Act applies to Commercial property.

Answers

One of the Differences between the Fair Housing Act and the Pennsylvania Human Resource Act is

Commercial property is included in the Pennsylvania Human Resource Act. Whilst its not included in Fair Housing Act

The federal legislation that outlaws housing discrimination based on national origin, race, color, religion, sex, disability, and other factors is called Fair Housing Act. (FHA)

The Pennsylvania Human Relations Act (PHRA), which prohibits discrimination in housing, employment, commercial property, education, and public places, is one of these state statutes.

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QUESTION 18
Education, religious beliefs, military experience, geographic location, and income are all
O a. None of these choices
O b. inclusive dimensions.
O c. traditional dimensions.
O d. both inclusive and traditional dimensions.
Oe. All of these choices

Answers

All the aspects are traditional dimensions

The multicultural world in which we live is made up of many cultures, values, and interpersonal communication styles. Age and gender, religion, color, marital status, ethnicity, education, physical and mental ability, income, sexual orientation, occupation, and language, are among the traditional dimensions of diversity. Understanding the characteristics of diversity and different world cultures can assist Extension audiences to create teaching skills that will connect with the people and groups they engage with.

Building inclusive workplaces are critical, and inclusive dimensions are highlighted in this context. It is a collection of behaviors that encourages teamwork, innovation and creativity, high performance, justice and respect, and a culture where workers feel like they belong.

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Calculate the implied growth rate of technology in each scenario in the table below. Assume labor's share of output to 60% and
capital's share of output is 40%.
Scenario
A
B
C
D
Growth Rate of
Output (%)
3.0
4.2
3.0
4.2
Growth Rate of Labor
2
3
1
1
Growth Rate of
Capital (%)
2
3
5
4
Implied Growth rate of technology
_answer
_answer
_answer
_answer

Instructions: Enter numbers rounded to one decimal place in each box.

Answers

The implied growth rate of technology can be solved as:

1.01.20.402.3

How to solve for the implied growth rate of technology

scenario A

formula is given as

growth rate - (labor share of output x growth rate of labor) - (capital share of output x growth rate of capital)

growth rate = 3

labor share = 60%

capital = 40%

= 3 - (0.60)*(2) - (0.40)*(2)

= 3 - 1.2-0.8

= 3-2

= 1

For the second scenario B

= 4.2 - (0.60)*(3) - (0.40)*(3)

=>4.2- 1.8 -1.2

= 1.2

For the Scenario C

= 3.0 - (0.60) *(1) - (0.40)*(5)

= 3.0 - 0.6 - 2.0

= 0.4

Scenario D

= 4.2 - (0.60)*(1) - (0.40)*(4)

= 4.2 - 0.60 - 1.6

= 2

The growth rate of technology is the term that is used to refer to the way that the growth rate of technology would receive increment over periods .

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Leila Ahmadi wants to purchase a package of shredded cheese at a local store for taco night. Is it better for her to pay $2.72 for 16 ounces or $3.84 for 24 ounces of this product? Explain your answer.

Answers

Since Leila Ahmadi wants to purchase a package of shredded cheese, it is better for her to pay $2.72 for 16 ounces of this product because the amount is okay for her and  best if she don't want to loose more money.

What is the buy more and pay less strategy?

This is known to be a marketing strategy that is used by a lot of companies as well as business to get consumers to buy more product at lesser price.

In situations where you have a high stock of a certain product or edible goods with a sell-by date that are about to run out, for example, quantity discounts are fairly common and an excellent technique to encourage customers to buy more and in that process consumers are losing more while businesses are making more profit.

Note that the strategy above that is used to sell the cheese is one that is made for people to spend more and I believe if she want to save money and not buy additional unit, she should go for the 16 ounce.

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I need help!!! offering brain list (25 points)

Answers

The agreement that would have to legally bind the parameters of the new position that Dana has is what is called the contract.

What is a contract?

This is the term that is used to refer to the legal agreement that would be binding on two different parties. The contract is the term that tells us of the ways that the people that are involved would be able to get into an agreement by stating their terms and also agreeing to the terms stated.

It is worthy of note that due to the fact that the contract it is a legal document it is an enforceable document. Therefore a breach that would occur by any of the parties involved after the initial agreement may lead to some legal issues that would have to be settled by the court of law.

Hence we would say that the contract is the document that would have to be signed that would seal the new deal.

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microfilaments are composed of ______ in ______ arrangement.

Answers

microfilaments are composed of repeating actin subunits in a thin double-helix arrangement.

Microfilaments are composed of repeating actin subunits in a thin double-helix arrangement.

What is the arrangement?

There are various types of arrangments that can be formed in the organism. Organisms are organized into hierarchical levels based on common traits. This is referred to as taxonomic ordering. Monarchy is the top classification for living things, while genus is the smallest.

Microfilaments contribute to the pressures required for cellular constriction and basic membrane movements. The strands also allow a developing cell that snaps off into two and therefore are engaged in certain sorts of cells spores motions.

Microfilaments are made up of two actin and myosin wrapped into a helix. A few of the tubulin material's two components. The other member is a protein comparable to beta-tubulin.

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If Lauren is worried about being laid off from her job, which expense would you recommend she cut down on?
Responses
her car insurance
her phone bill
her entertainment expensess
her rent

Answers

C. Her entertainment expenses

Answer: her entertainment expensess

Explanation: she needs all the other stuff.

What is the reason some banks require all employees to work as bank tellers, regardless of experience?

Answers

Answer: Many banks are offering accounts that do not require you to make an opening deposit, have low fees, and do not permit overdraft.

Explanation:

hope it helps

I need help!!! offering brain list

Answers

The obligation that would have to determine the getting if the tax identification number would be the Contractual obligation.

What is a tax identification number?

This is the term that is sued to refer to the 9 digits tracking number that the federal inland revenue services uses for the tracking of tax payments by the citizens of the nation.

What is a contractual obligation?

This is the term that is used to refer to the legal responsibility that the people would have that would make them to act upon an agreement that has been made.

The contractual agreement here would be that the people of the nation are to pay their taxes especially at the time that it is due in the nation.

This would enable the nation to be able to provide the social services that it does. Therefore the last option that we have in this question that we have here is the solution to the question.

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What is more detailed than the statement of retained earnings
and shows other changes in stockholders' equity, such as the
issuance of additional shares of stock.
An income statement
The balance sheet
The statement of cash flows
The stockholders' equity statement

Answers

The stockholder's equity statement shows other changes in stockholder's equity, such as the issuance of additional shares of stock.

What is stockholder's equity?

The two main sources of shareholders' equity—also referred to as the company's book value—are debt and equity. The initial financial investment made in the business through share offerings is the first source of funding. Retained earnings (RE), which the business gradually builds up via its activities, make up the second source. Retained earnings typically make up the majority of the balance, particularly when dealing with long-standing businesses. Either a negative or positive shareholder equity exists. If the answer is yes, then the company's assets are more than its liabilities. If it is lower than zero, the company's liabilities exceed its assets. This is regarded as balance sheet insolvency if it continues for a while.

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Question 1
2 pts
What type of credit involves a set number of payments at a set dollar amount for a fixed
period of time?
O Balloon Payment Account
O Revolving Credit Account
O Charge Cards
O Installment Credit

Answers

 Installment credit versus revolving credit

increased interest rates can be more difficult to qualify for

Only the amount drawn by borrowers is subject to interest. Fixed number of payments over a predetermined time period that include interest

Define revolving credit?

An arrangement known as revolving credit allows the account holder to repeatedly borrow money up to a predetermined dollar limit while paying a portion of the outstanding balance through regular payments.  Each payment replenishes the amount the account holder has access to, less any applicable interest and fees.

What is the name of the dollar-based cost of consumer credit?

APR stands for annual percentage rate, which is how much credit will cost you in percentage terms; finance charge is how much credit will cost you in dollars (this is the total amount of interest and certain fees you will pay over the life of the loan if you make every payment when due).

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Does anyone know how to do this?

Answers

Answer:

Osix galbns of diesel engines have been used for years to

Answer:

1: 2, 9 10, 5 uniform

2. 10 Albany, Baptist, church

3. 8 all, state, packing, co

view the picture below for the other answers

mrs willard wants to know generally

Answers

Mrs. Willard wants to know generally how the benefits under original Medicare might compare to the benefit package of a Medicare health plan before she starts looking at specific plans.

Why should variations between expected and actual work performance according to task requirements be documented and communicated to relevant personnel?

Answers

Variations between expected and actual work performance according to task requirements be documented and communicated to relevant personnel because:

This will help the relevant personnel to note the outcome of their decisions and be able to make adjustments in future forecasts.

Why is important to communicate variations in work performance to the relevant personnel?

It is indeed very important to communicate the variations in expected and actual work performance because it will help the personnel to be more realistic in their future business predictions. When the relevant personnel are aware of the relevant market trends, they will be able to note these and make better business decisions.

If the actual work performance is different from the expected performance and the personnel are not notified of this, they may be misled and not aware of what is the reality on the ground. This way, more mistakes will happen in the business.

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Describe FIVE (5) factors that are reshaping and refining the manager job.​

Answers

FIVE (5) factors that are reshaping and refining the manager job.​
1. The increasing complexity of organizations
2. The increasing need for managers to be able to deal with change
3. The increasing importance of communication and interpersonal skills
4. The increasing need for managers to be able to work in teams
5. The increasing importance of strategic thinking

What is manager job?
Generally speaking, an effective job title will mention the broad term, the amount of experience, and any unique qualifications. Your job title will be optimised to appear in a broad search for similar jobs when you use the general word. By describing the level of responsibility and prerequisite expertise, the level of experience will assist you in attracting the most qualified candidates. Additionally, if your role requires specialisation, think about incorporating that information in the job title. If you want people to click on your job posting, make sure they understand what it is before utilising internal titles, abbreviations, or acronyms.

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Which expenses stay the same from month to month?

Answers

Answer:

Fixed expenses such as rent, stay the same from month to month

Answer: fixed expenses

Explanation: any expense that does not change from period to period, such as mortgage or rent payments, utility bills, and loan payments. The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis

Types of expenses

Variable expenses

Expenses that vary from month to month (electriticy, gas, groceries, clothing).

Fixed expenses

Expenses that remain the same from month to month(rent, cable bill, car payment)

Intermittent expenses

Expenses that occur at various times throughout the year and tend to be in large amounts(tuition payment, car repairs)

Discretionary (non-essential) expenses Expenses for things we don't need (eating out, gifts, snacks)

disruptive innovations don't need to perform better than incumbents; they simply need to perform well enough to appeal to their customers (and often do so at a lower price).

a. True
b. false

Answers

The disruptive innovations don't need to perform better than incumbents is TRUE

What is Disruptive innovation ?

Disruptive innovation, according to business theory, is innovation that establishes a new market and value network or enters a market from the bottom and eventually supplants long-established market-leading companies, goods, and alliances. Beginning in 1995, the American academic Clayton Christensen and his team developed the idea.

Even breakthrough innovations don't always cause disruption. For instance, because early automobiles were expensive luxury items that did not disrupt the market for horse-drawn vehicles, they were not disruptive innovations when they were introduced in the late 19th century. Up until the 1908 release of the less expensive Ford Model T, the transportation business virtually remained unaffected. A disruptive breakthrough was the mass-produced vehicle, which altered the transportation industry.

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A market index is a measure for tracking stock prices.

Answers

It is False. A market index evaluates a portfolio of securities with certain market characteristics. The index provider uses a distinct approach to calculate and maintain each index.

Index algorithms frequently employ market capitalization or price to determine their weight.

What is the process of stock index measurement?

Key Takeaways - The index is calculated by adding the stock values of the 30 companies, which are then divided by the factor. Stock splits, dividends, or adjustments to the divisor occur when a company is added to or withdrawn from the index.

That would be what kind of a market index?

The NYSE Composite Index and the Dow Jones Industrial Average are two examples of market indices (DJIA). The Nasdaq-100 Index, Wilshire 5000 Total Market Index, and S&P 500 are additional market indices.

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Complete Question -

A market index is a measure for tracking stock prices.

True False

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